Asiamet Resources Share Discussion Threads

[2lb] 03/4/2024 19:51

He's a mining operations general manager , to be the CEO of an AIM listed company requires a skill set he simply doesn't, and never will possess. He has no concept of investor relations nor of how to manage a listing. A mining operations skillset is absolutely of value to the company , but then that is supposedly why we are also paying Andrew Neale a bucket load.....Mclelland is a stooge being paid a ridiculous salary to simply do what DOID tell him to do under the wing of the fraud Manini.It's a circus where the clowns run the show........

[rainyrain] 03/4/2024 15:18

So you don't rate McClelland? Why, just because of the share price? Maybe offer a list of why you think he has no talent, rather than typing semi edgelord comments.

[2lb] 03/4/2024 13:08

There is literally no beginning to the talent of this shower of management imbeciles.......

[rainyrain] 03/4/2024 11:26

There's certainly a lot a talk/media around copper and the price right now. Surely $10,000 USD a ton must be a nice base.

Does anyone know what Contango means? I thought it was a dance you did after a few too many sherberts.

[adw198] 02/4/2024 22:53

“Hasn’t inflation gone down”

Yes. But prices haven’t, so capex will be….

[adw198] 02/4/2024 22:52

I’d much rather it proved me wrong and made me money.

I don’t think anyone sensible thinks $240m is about to be wired over. It’s just a case of letting the facade play out.

[rainyrain] 02/4/2024 20:37

Considering you've written something along the lines of no one will lend them $240 million seemingly every day for a year, I honestly fear for you mental state if someone actually lends them the money!

Maybe consult a specialist or something mate! All imho and not medical advice, but take care fella!

[rainyrain] 02/4/2024 20:26

Hasn't inflation gone down? With the engineering savings, maybe capex will go down not up, you never know!

Anyway nice too see you've added your obligatory we won't get 240 million. Have you got it on copy and paste?

[adw198] 02/4/2024 19:49

I’m not sure an improved power plant (which was obviously devoid of any financial metrics) is going to make an unannounced consortium of lenders any more likely to lend this lot $240m (or whatever it now costs with another years inflation).

There’s a reason they’ve stopped talking about the process for funding the build - it’s not happening.

[rainyrain] 02/4/2024 17:45

The feasibility study was a snapshot in time. I would agree with "showing signs of old age" if the Asiamet team had shut down the office and went on a boozey year long vacation, but they've been working tirelessly on improving the inputs!

For example, in the update a few days ago regarding the site access roads and road earthworks, it mentioned potential significant savings compared to the 2023 FS.

They are getting up to date "right now" prices as we speak from the building contractors. Plus the new heap leach facility etc etc yada yada.

So yes the 2023 FS is largely redundant, but a better version can be created!

All imho please DYOR.

[2lb] 02/4/2024 17:17

Two years of his magic has so far taken a smashed out price of 2.1p upon his appointment to a junk price of 0.6p and delivered nothing other than a revised BFS that is now already showing signs of old age.....

[rainyrain] 02/4/2024 17:01

Really? I see the tiniest hint of the green shoots of volume! Sit back and watch McClelland work his magic. If you don't visualise you'll never get, imho

[2lb] 02/4/2024 11:46

Yet another all time low , take a bow Mr McCelland , out of your depth as a first time CEO yet being paid over £500k a year to obliterate value and transfer ownership to DOID. Scandalous.

[rainyrain] 29/3/2024 08:14

Wow HZM is a shocker! Not followed closely as copper is king and it seems the great country of Indonesia is owning the nickel market, but how did they manage to get their numbers so wrong?

[2lb] 28/3/2024 16:14

As an aside it now appears that the contagion all AIM mining stocks have been infected with via the HZM fiasco is now at an end with the final "its over" RNS having been released this afternoon.

The shambolic mess relating to capex on their projects caused a real ripple impact on any and all projects in the financing and capex estimates stage.

[rainyrain] 28/3/2024 14:38

Yes Hegarty is tier one operator. The best decision Manini made was accepting his job offer. But there is no doubt Manini is a tier one exploration geologist, imho. Why has he held on to Beutong for so long? It tells me there's something in the geology there. Yes I know you've read the angry geologist report but essentially they all agreed that in order for an underground operation and the resulting large tonnage to attract the big boys they need to find high grade, so that big deep purple blob on the geophysics image, interpreted as a high grade core, needs to be drilled. If they can ever get back on site that is.

[mount teide] 28/3/2024 14:14

RR - I'm fully aware of Manini's Oxiana background. It was largely what first attracted me to Asia Met.

Unfortunately, subsequent events at ARS over the last 10 years has exposed him as being little more than a bag carrier for Owen Hegarty at Oxiana, the actual talent behind the company's success.

Manini's shockingly poor business management skills were firstly exposed in brutal fashion by the criminals at Aeturnum Energy, and then by DOID, who like Aeturnum and their fantasy land $500m KSK Indonesian stock marketed IPO, have played him like a finely tuned grand piano, at enormous cost to shareholders!

AIMHO/DYOR

[mount teide] 28/3/2024 13:57

RR- On 2nd March 2024 I posted some data published by Zero Hedge:

'Money manager positioning on the CME's copper contract has swung from net long at the start of the year to the largest net short since the middle of 2022, as weak demand trumped supply pressures - funds are adopting an increasingly bearish stance, preferring to focus on a globally weak demand picture rather than odd sign of supply-chain stress.'

I don't offer investment advice since I'm not regulated to do so.

Guessing short term movements in the price of equities, commodities and currencies are a fools game - as evidenced by the calculation - for internal use only - of a leading London spread betting and CDF service provider my son is employed by at a senior level, that 96% of their clients lose money over the longer term!

[mcpaulas] 28/3/2024 13:55

Finance finance thats the only rns that will make any difference to this share.

[rainyrain] 28/3/2024 13:52

Mount Teide since you love talking about Manini did you listen to his interview on Exploration Radio back in 2019? I thought it was great. Many other great podcasts on Exploration Radio, most with like 18 or 25 views, so sad, so much free education imho.

Anyway Manini understands and talked of knocking a project on the head quickly when you don't see the patterns you're looking for in the drill data. Many lifestyle companies don't do this.

Interestingly,he was head of the exploration team that found Sepon working for CRA now Rio Tinto. He was then charged will selling Sepon in 1999 when gold was at $250 and Copper at 63 cents a pound. Tiny Oxiana were the only ones to offer cash upfront, one million with 19 million in payments so 20 million for 80% of 3.5 million ouunes of gold and 2 million tonnes of contained high grade copper at surface. Oxiana then bought the remaining 20% for $80 million.

Times do indeed change.

[adw198] 28/3/2024 13:49

Ok that’s fine. You can continue to come on and take issue with my opinion that they won’t get it financed, whilst conceding you don’t have the first idea of how it will happen. Despite also claiming there are “thousandsR21; of ways.

I don’t know when you invested but this is the key issue right now. Happy to leave it there though.

[rainyrain] 28/3/2024 13:44

How could I possibly have a clue about how they will finance it? What clue do you or anyone else have?

[adw198] 28/3/2024 13:38

If you don’t have a clue how they’ll finance it then you shouldn’t really get so excited about this weeks RNS. It’s basically if we build it we’ll do it this way with these people. Marvellous.

[rainyrain] 28/3/2024 13:29

Mount Teide, aren't you the guy who said a few months back that copper Is going to tank just before it shot above $4 and all the top copper equities went for a trip north? If so, sir, please tell me why I should listen to you?

Adw198 I'm afraid I can't answer your questions regarding finance. Check mate. I guess you've won, and for the moment you are victorious. Maybe they will organise an open top bus parade in your hometown or something.